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Fox Rothschild LLP

SBA Announces New Paycheck Protection Program Loan Necessity Questionnaire

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On October 26, the Small Business Administration (SBA) published a notice in the Federal Register seeking approval from the Office of Management and Budget to release two new forms to be sent to borrowers under the Paycheck...more

Lowenstein Sandler LLP

SBA Proposes New PPP Borrower’s Questionnaire: Mandatory For Loans Of $2 Million And More

Lowenstein Sandler LLP on

On October 26, 2020, the Small Business Administration (SBA) published a proposed Paycheck Protection Program (PPP) Loan Necessity Questionnaire for both for-profit and nonprofit borrowers in the Federal Register. This...more

Perkins Coie

SBA Questions Borrowers About the Necessity of Their PPP Loans

Perkins Coie on

Over the course of the last week, the Small Business Administration (SBA) has reportedly begun quietly questioning borrowers who had received Paycheck Protection Program (PPP) loans about the “necessity” of their loans. On...more

Pillsbury Winthrop Shaw Pittman LLP

SBA Imposes New PPP Certification Requirement, Provides May 7 Safe Harbor

Under retroactive guidance issued by SBA and the Treasury Department on April 23, 2020, CARES Act Paycheck Protection Program (PPP) applicants must consider their access to alternative sources of liquidity before certifying...more

Ballard Spahr LLP

CFPB Mortgage Servicing Rule Amendments Published in Federal Register

Ballard Spahr LLP on

The CFPB Mortgage Servicing Rule Amendments were published in the Federal Register yesterday, starting the clock for the effective date of the amended provisions.  Most of the provisions are effective on October 19, 2017. ...more

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